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Is Bridgestone (BRDCY) Stock Outpacing Its Auto-Tires-Trucks Peers This Year?
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The Auto-Tires-Trucks group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Bridgestone Corp. (BRDCY - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Auto-Tires-Trucks peers, we might be able to answer that question.
Bridgestone Corp. is one of 104 companies in the Auto-Tires-Trucks group. The Auto-Tires-Trucks group currently sits at #14 within the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Bridgestone Corp. is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for BRDCY's full-year earnings has moved 6% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, BRDCY has gained about 18.4% so far this year. At the same time, Auto-Tires-Trucks stocks have lost an average of 16.9%. This shows that Bridgestone Corp. is outperforming its peers so far this year.
Another stock in the Auto-Tires-Trucks sector, Fox Factory Holding (FOXF - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 26.9%.
Over the past three months, Fox Factory Holding's consensus EPS estimate for the current year has increased 9.8%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Bridgestone Corp. belongs to the Automotive - Foreign industry, a group that includes 24 individual stocks and currently sits at #175 in the Zacks Industry Rank. Stocks in this group have lost about 16% so far this year, so BRDCY is performing better this group in terms of year-to-date returns.
In contrast, Fox Factory Holding falls under the Automotive - Domestic industry. Currently, this industry has 17 stocks and is ranked #62. Since the beginning of the year, the industry has moved -20.9%.
Going forward, investors interested in Auto-Tires-Trucks stocks should continue to pay close attention to Bridgestone Corp. and Fox Factory Holding as they could maintain their solid performance.
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Is Bridgestone (BRDCY) Stock Outpacing Its Auto-Tires-Trucks Peers This Year?
The Auto-Tires-Trucks group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Bridgestone Corp. (BRDCY - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Auto-Tires-Trucks peers, we might be able to answer that question.
Bridgestone Corp. is one of 104 companies in the Auto-Tires-Trucks group. The Auto-Tires-Trucks group currently sits at #14 within the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Bridgestone Corp. is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for BRDCY's full-year earnings has moved 6% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, BRDCY has gained about 18.4% so far this year. At the same time, Auto-Tires-Trucks stocks have lost an average of 16.9%. This shows that Bridgestone Corp. is outperforming its peers so far this year.
Another stock in the Auto-Tires-Trucks sector, Fox Factory Holding (FOXF - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 26.9%.
Over the past three months, Fox Factory Holding's consensus EPS estimate for the current year has increased 9.8%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Bridgestone Corp. belongs to the Automotive - Foreign industry, a group that includes 24 individual stocks and currently sits at #175 in the Zacks Industry Rank. Stocks in this group have lost about 16% so far this year, so BRDCY is performing better this group in terms of year-to-date returns.
In contrast, Fox Factory Holding falls under the Automotive - Domestic industry. Currently, this industry has 17 stocks and is ranked #62. Since the beginning of the year, the industry has moved -20.9%.
Going forward, investors interested in Auto-Tires-Trucks stocks should continue to pay close attention to Bridgestone Corp. and Fox Factory Holding as they could maintain their solid performance.